August NFP = 142,000

This morning’s jobs report was surprisingly weak. The U.S. economy created only 142,000 net new jobs last month. We had a nice six-month streak of topping 200,000. That’s come to an end. The unemployment rate ticked down to 6.1%. If you break out the decimals, the unemployment rate was 6.14969 which rounds down to 6.1%. Less than 500 more unemployed would have pushed it up to 6.2%.

Here’s a look at the monthly change in NFP:

I think the precent-change-from-a-year-ago chart is interesting. You can see how steady this data series has been over the past three years.

Here’s the unemployment rate:

Posted by Eddy Elfenbein on September 5th, 2014 at 8:30 am

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